SWISS competition commission WEKO has fined 11 airlines
CHF11 million (US$12 million) after it found they had colluded in an air
freight pricing cartel, Reuters reported.
WEKO said that the airlines included Cathay Pacific,
Singapore Airlines, Japan Airlines, British Airways, United Continental,
American and Air France.
The airlines agreed on freight rates, fuel surcharges,
war-risk surcharges, customs clearance surcharges for the United States and the
commissioning of surcharges, which together contribute to the price of air
freight transport, between 2000 and 2005, WEKO said.
WEKO said that Lufthansa escaped a fine because it
informed on the others.
Source : HKSG, 15.01.14.
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